Wings Financial Has Competitive Limited-Time 18-Month CD Special


Deal Summary: 18-month CD Special, 0.85% APY, $500 minimum deposit, new money.

Availability: Easy Membership Requirement

As part of its Member Appreciation Month, Minnesota-based Wings Financial Credit Union (Wings Financial) is offering an 18-month CD Special earning 0.85% APY now through July 31, 2021. Unlike the majority of Wings Financial CDs that have tiered APYs based on four deposit levels ($500, $10k, $100k, and $250k), the 18-month CD Special can be opened with a minimum $500 opening deposit to earn the stated APY. New money is required and is defined simply as funds not currently on deposit with Wings Financial.

The 18-month CD Special is also available as an IRA CD Special (Traditional, Roth, and CESA), earning the same APY with the same deposit requirements.

As stated in the CD FAQs, the Early Withdrawal Penalty (EWP) reads as follows:

Term less than 24 months = Loss of amount equivalent to 6 months’ dividends (180 days)

Term 24 months or greater = Loss of amount equivalent 2 years’ dividends (730 days)

As you can see, the EWP for the short-term CDs is fairly standard, while long-term CD EWP is definitely harsh.

There is a ten calendar day grace period before a CD is automatically renewed.

$300 Checking Bonus

Wings Financial is also offering a $300 bonus for opening a new First Class Checking or High-Yield Checking account now through July 31, 2021. As stated on the bonus promotion page,

  • One offer per person.
  • Account must be opened in-branch or online using promo code 300CHECKING between 07/01/21 and 07/31/21.
  • Membership with a Share Savings account & $5 minimum opening deposit required and must be opened at the same time as checking account.
  • New members only; cannot have been a member within 12 months of account opening.
  • Must be 18 years or older.
  • ACH direct deposit(s)* of at least $300, eDocument enrollment & five debit card transactions of $5+ each must be completed within 60 days of account opening.

If the above requirements are met, the $300 bonus will be paid into the new checking account by September 30, 2021. The checking account must be in good standing (positive balance for the last 30 days) and have an active direct deposit at the time of payment.

The High-Yield Checking account is a rewards checking account (RCA) that earns 1.75% APY on qualifying balances up to $25k. Qualifying balances greater than $25k and non-qualifying balances both earn 0.05% APY.

1.76*%-$25kWings Financial Credit UnionHigh Yield Checking
OTHER TIERS: 0.01% $25k+
0.01%--Wings Financial Credit UnionFirst Class Checking Account (Share Draft)
Rates as of September 16, 2021.

The monthly qualifying requirements include:

  • At least 15 PIN or signature POS debit card transactions ($5 minimum)
  • At least $300 in direct deposit(s)
  • Be enrolled in eDocuments

The First Class Checking account in a non-RCA, which earns 0.05% APY on all balances.


Headquartered in Apple Valley, Minnesota, Wings Financial Credit Union’s field of membership (FOM) includes virtually all U.S. citizens and resident aliens.

Easy Membership: Option #4 on Wings Financial’s online application reads, “I would like to become a member of Wings Financial Credit Union by making a donation of at least $5 to the Wings Financial Foundation."

Residency: In the last four years, Wings Financial has expanded its geographical eligibility to include parts of Florida, Georgia, Michigan, and Washington.

Anyone who lives or works in the following regions is eligible to become a member:

  • Any Minnesota or Wisconsin county
  • Seattle-Tacoma, WA metro area
  • Detroit, MI metro area
  • Orlando, FL metro area
  • Atlanta, GA metro area

Employment: Individuals (and their immediate family members) who work for an airline or a government agency working with the aviation industry, or who work at an airport directly with air freight, air courier, or air transportation qualify for membership.

Relationship: Immediate family members of current Wing Financial members are eligible to join.

Joining Wings Financial can be done online or at any of 28 branches located in Florida, Georgia, Michigan (2), Minnesota (23), and Washington. All the branches, with the exception of those in Minnesota, are located near major airports.

As stated in the fine print for the 18-month CD Special on the Savings Rates page,

Promotional rate valid between 7/1-7/31/21. Certificate must be opened in a branch or through the National Contact Center [800.692.2274].

Establishing a new Wings Financial membership requires a minimum $5 deposit in a Share Savings account.

Wings Financial does not participate in the CO-OP Shared Branch network, but it does offers its members access to more than 80,000 surcharge-free ATMs in the Allpoint, CO-OP, and MoneyPass networks.

Credit Union Overview

Wings Financial Credit Union has an overall health grade of "A+" at, with a Texas Ratio of 1.02% (excellent) based on March 31, 2021 data. In the past year, Wings Financial has increased its total non-brokered deposits by $1.19 billion, an excellent annual growth rate of 25.18%. Please refer to our financial overview of Wings Financial Credit Union (NCUA Charter # 68601) for more details.

Wings Financial Credit Union was originally founded in 1938 as Northwest Airlines Credit Union by seven airline employees. The “Wings Financial” rebrand occurred in 2003 following a charter expansion making the credit union the first to serve all air transportation. Recognized in 2017 as the top Minnesota financial institution by Money Magazine, Wings Financial is currently the 34th largest credit union in the country, with more than 311,000 members and assets in excess of $7.1 billion.

How the CD Special Compares

When compared to 149 similar length-of-term CDs tracked by that are available nationwide and require a similar minimum deposit, Wings Financial Credit Union's 18-month CD Special APY currently ranks first.

The above information and rates are accurate as of 7/8/2021.

To look for the best CD rates, either nationwide or state specific, please refer to our CD Rates Table page.

Related Pages: Detroit checking accounts, Atlanta checking accounts, Orlando checking accounts, Minneapolis checking accounts, Duluth checking accounts, Fargo checking accounts, Seattle checking accounts, reward checking accounts, 1-year CD rates, nationwide deals, bank bonuses

  |     |   Comment #1
Does anyone have current information on credit card funding at Wings? Data points are hit and miss on them and seem to suggest only for newly opened accounts so not repeatable. If you don't want to post info on the public side just PM me.
Rate Leading Long-Term CDs at Wings Financial Credit Union
Deal Summary: Certificates – 5-year (1.36% to 1.51% APY), 4-year (1.16% to 1.31% APY), 3-year (1.06% to 1.21% APY), Minimum deposits range from $500 to $250k. Rates are accurate as of 9/18/2020.

Availability: Easy Membership Requirement

It has been more than four years since my last post on Wings Financial Credit Union (Wings Financial). During that time, Wings Financial’s Certificate rates haven’t been high enough to be blog worthy. That has changed as rates at other banks and credit unions have fallen to all-time lows. Wings Financial’s Certificates with...

Continue Reading
Wings Financial CU Offers Competitive 5-Year CD
Availability: Easy Membership Requirement

Earlier this year, Wings Financial Credit Union (Wings Financial) added a 5-year Share Certificate with three rate tiers: 1.96% APY ($500), 2.02% APY ($10k), and 2.07% APY ($90k). Earned dividends can be paid on either a monthly or quarterly basis.

The 5-year Share Certificate is also available as an IRA (Traditional, Roth, and CESA), with the same rate tiers and minimum deposit requirements.

As stated on Wings Financial’s Most Requested Info page, the Early Withdrawal Penalty reads as follows:

Term 12 months or greater...

Continue Reading
CD Rates Fall But Are Still Competitive at Wings Financial Credit Union

We lost another two-percent 5-year CD. Wings Financial Credit Union cut all of its CD rates yesterday, and its 5-year CD yield fell from 2.12% to 1.96%. Like at other credit unions and banks, the 5-year CD rate has fallen the most this year at Wings. The 5-year CD rate has fallen 35 basis points this year whereas the 2-year CD rate has fallen only 15 basis points.

Even though the rates have fallen, Wings Financial's CD and IRA CD rates are still competitive. Below is a list of the most...

Continue Reading
Top CD Rates at Wings Financial Credit Union - Limited Membership

Wings Financial Credit Union continues to offer competitive CD and IRA CD rates. Rates have slowly fallen, but they have fallen less than many other credit unions. Below is a list of the most competitive rates as shown on the credit union's rates page as of 5/2/2012:

  • 2.22% APY 5-year CD
  • 1.86% APY 4-year CD
  • 1.71% APY 3-year CD
  • 1.31% APY 2-year CD

Minimum deposit is $500. According to the account disclosure, the early withdrawal penalty is 180 days of interest for terms over 1 year and 30 days of interest for terms of 1...

Continue Reading
New Higher CD Rates at Wings Financial Credit Union - Limited Membership

Wings Financial Credit Union did something that has been rare this year. It raised its CD rates. The rates went up by 15 basis points which makes it rates for CD terms of 2 to 5 years very competitive. These CD and IRA CD rates as listed at the credit unions rates page as of 2/19/2011 include:

  • 1.81% APY 2-year CD
  • 2.07% APY 3-year CD
  • 2.22% APY 4-year CD
  • 2.73% APY 5-year CD

Minimum deposit is $500. According to the CSR, the early withdrawal penalty is 180 days of interest for terms over 1 year...

Continue Reading

More Past Offers

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.